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Crypto Voices

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Mar 2, 2023 • 36min

PE35: How much Bitcoin is produced per year?

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirty-fifth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 02:00 Terminology: Block reward and issuance 07:08 Note: Gross not net! This is revenue before expenses 08:13 Nature of this chart: Trailing 12-month run rate 17:03 Block reward and issuance in USD terms 24:40 Power regression on USD issuance rate (93% R-squared) 30:27 1-sigma percentile bands 32:30 2-sigma percentile bands Dissecting the total issuance (block reward) paid to miners on the Bitcoin network over a rolling 365-day basis. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Mar 1, 2023 • 29min

PE34: How much do Bitcoin miners earn per year in fees?

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirty-fourth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:45 TTM fees in BTC terms 10:30 TTM fees in USD terms 17:00 Power regression on USD TTM fees (90% R-squared) 23:00 1-sigma percentile bands 24:11 2-sigma percentile bands Dissecting the total fees paid to miners on the Bitcoin network over a rolling 365-day basis. Apologies for the audio this video... had to use backup mic!! https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 28, 2023 • 1h 20min

CV146: Ukraine, total money supply, phone privacy

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the one hundred forty-sixth podcast episode from Crypto Voices. Show support appreciated: donations.cryptovoices.com Matthew and Alec review the Western stance toward Ukraine one year after Russia's invasion, the total US money supply, and phone number privacy. Contents 00:00 Intro-UFOs 05:25 Ukraine 38:18 Total money supply USA 01:03:50 Privacy update Links for more info:  https://chalice-perky470.medium.com/its-not-me-it-s-you-4348abbbcd10 Contact Alec at HALO for help: chalice.perky470@anonaddy.me Show Sponsor: hodlhodl.com/join/cryptovoices Hosts: Matthew Mežinskis, Michel, Alec Harris Music: New Friend Music newfriendmusic.com/ Podcast & videos Bitcoin, privacy, cryptoeconomics & liberty Thanks for watching! https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 27, 2023 • 25min

PE33: Are credit cards part of the money supply? (XIII)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirty-third installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 01:47 M0 02:48 M1 non-M0 03:33 M2 non-M1 03:44 M3 non-M2 07:37 Assets vs. Liabilities of CCs 11:40 Batching 13:18 CC purchase volume in 2022 = $9.56 trillion 14:40 Revolving credit USA 17:08 Credit card debt vs. Demand deposits 24:00 HALO Privacy Bonus video on the US money supply! Which "M curve" do credit card purchases and debt fit into? The answer is... none! Credit cards are an entirely different type of economic activity than bank money, and state money, which we studied in the previous twelve videos in our money supply series. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 24, 2023 • 40min

PE32: Decoding Money - Total money supply USA (XII)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirty-second installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 01:33 Bank reserves 02:35 Fed repos 03:55 Vault cash 05:55 M0 08:30 M1 non-M2 (Demand deposits) 10:20 M2 non-M1 11:55 M3 non-M2 14:50 State money % of Total money 15:05 Total money supply 22:40 Hybrid market vs. Free market 30:10 How does Bitcoin fit in with all of this?? 34:02 How big could Eurodollars be in M3? Here is our final video in this money supply intro series and look into the nature of the United States dollar. We are putting together central bank money, or base money - also known as state money - with all of the bank and shadow bank money supplies in the US (M1, M2, M3, or inside money). Can we learn anything about where Bitcoin might economically compare and fit in with these money supplies? https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 23, 2023 • 38min

PE31: Decoding Base Money - Gold in USA (XI)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirty-first installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 03:10 Monetary base 07:50 Gold on Fed's balance sheet (Market value) 16:30 Gold on Fed's balance sheet (Native ounces) 24:20 Gold 'reserved' at market price 33:36 Gold 'reserved' at statutory price 37:13 Central banking, free banking, gold, no gold Here is our second video covering outside money in the United States, also known as central bank money, or reserve money, or base money, or the monetary base. In this one we are comparing base money (a liability for the Fed), with it's historical gold reserves (an asset for the Fed). How important is the idea of a gold 'reserve?' https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 22, 2023 • 35min

PE30: Decoding Base Money - USA (X)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirtieth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 02:05 Inside versus Outside money 07:50 M0 is a part of both Inside and Outside money 09:20 Be cautious: M0 as defined by different central banks! 10:30 Vault cash 11:28 Bank reserves 17:30 Physical cash % of Base money 22:55 Monetary base (as officially defined) 23:30 Fed repos (Shadow bank reverse repos) 31:00 Gold vs. Fiat base money vs. Bitcoin Here is our first video covering outside money in the United States, also known as central bank money, or reserve money, or base money, or the monetary base. M0 is included in base money, as well as the M1 money supply (which we have already covered)! Now that we have covered the inside money (fiduciary media) in the United States, we can deeper look into central bank money, or base money, and how this type of money is the core of the financial and monetary system. It economically compares with gold, silver, and bitcoin. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 21, 2023 • 32min

PE29: Decoding M3 - Money supply USA (IX)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-ninth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 01:13 M0 03:04 M1 04:50 M2 06:40 M3 (Fed discontinued) 09:30 M3 19:03 M0 % of M3 21:52 M1% of M3 25:40 M2% of M3 30:27 Next up is base money Here we have concluded the entire breakdown (and reconstruction) of the entire United States *public-facing* money supply, from M0, to M1, to M2, and now M3. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 20, 2023 • 32min

PE28: Decoding M3 - Eurodollars (VIII)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-eighth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:58 Money supply "stack" 02:38 What is a Eurodollar? 05:50 How did the Federal Reserve count Eurodollars? 08:35 Eurodollars (Fed discontinued) 10:56 Eurodollars (Porkopolis) 20:30 Argentina's stack of Eurodollars 24:30 Measuring Eurodollars: Much work to do! 26:10 Stablecoins 29:03 M3 non-M2 Total Here we look at the next level up for the United States money supply: the M3 money stock. Note that M2 is included in the M3 money supply; however, in this video we cover only the non-M2 monetary components. Specifically in this video, we are covering Eurodollars. This is the last video looking at the non-M2 portion of M3 money. It is a challenge to reconstruct this data, since the Fed stopped publishing this money supply in February 2006. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 17, 2023 • 34min

PE27: Decoding M3 - Repurchase agreements USA (VII)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-seventh installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:48 Money supply "stack" 02:47 Federal Reserve presser on M3 discontinuation 05:05 Repo market summary 05:28 Why repos: #1 Shadow banking 08:57 Why repos: #2 Liquidity 10:41 Why repos: #3 Leverage 12:30 M3 non-M2 Total (Fed discontinued) 12:39 Large time deposits & Institutional money market funds 13:40 Repos (Banks) 16:30 Repos (Shadow banks) 19:25 Former Fed economist explains repos and M3 24:10 Repos (Fed) 28:58 Fed knows it's a monopoly actor 31:45 Adding up all M3 money supplies found so far Here we look at the next level up for the United States money supply: the M3 money stock. Note that M2 is included in the M3 money supply; however, in this video we cover only the non-M2 monetary components. Specifically in this video, we are covering repurchase agreements. These next few videos will review how it is a challenge to reconstruct this data, since the Fed stopped publishing this money supply in February 2006. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

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